PPFB.DE vs. DEAM.DE
PPFB.DE (iShares Physical Gold ETC) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 5 years, PPFB.DE returned 17.85%/yr vs -1.95%/yr for DEAM.DE. At a 0.04 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.19%/yr for DEAM.DE.
Performance
PPFB.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PPFB.DE achieves a -6.38% return, which is significantly lower than DEAM.DE's 3.71% return.
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
PPFB.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 1.72% |
Correlation
The correlation between PPFB.DE and DEAM.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.04 |
Over the past year, PPFB.DE and DEAM.DE have become more correlated (0.29) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
PPFB.DE vs. DEAM.DE — Risk / Return Rank
PPFB.DE
DEAM.DE
PPFB.DE vs. DEAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Invesco MDAX UCITS ETF A (DEAM.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPFB.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.15 | +0.82 |
| Martin ratioReturn relative to average drawdown | 2.28 | 0.43 | +1.85 |
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Drawdowns
PPFB.DE vs. DEAM.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and DEAM.DE.
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Drawdown Indicators
| PPFB.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -40.04% | +17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -14.95% | -7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -18.48% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -40.04% | +17.50% |
Current DrawdownCurrent decline from peak | -22.54% | -13.92% | -8.62% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -16.18% | +11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 5.36% | +4.22% |
Volatility
PPFB.DE vs. DEAM.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 6.29% compared to Invesco MDAX UCITS ETF A (DEAM.DE) at 4.94%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than DEAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPFB.DE | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.94% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 15.96% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 18.83% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 19.40% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 19.56% | -3.11% |
PPFB.DE vs. DEAM.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than DEAM.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PPFB.DE vs. DEAM.DE - Dividend Comparison
Neither PPFB.DE nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and DEAM.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPFB.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPFB.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for DEAM.DE.
PPFB.DE is categorized as Gold, while DEAM.DE is Europe Equities. PPFB.DE tracks Gold, while DEAM.DE tracks MDAX®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for PPFB.DE and 0.19% for DEAM.DE.
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